LONDON - Alliance Trust rejected Elliott Advisors proposals for a management overhaul on Friday, prompting a sharp reaction from the activist investor and setting the stage for a battle with one of the world's best-known hedge funds.

LONDON - A former trader at U.S. hedge fund Moore Capital was sentenced to 19 months in jail by a London court on Thursday after becoming the third man to plead guilty in Britain's largest insider dealing investigation.

LONDON - Former Brevan Howard star trader Chris Rokos has hired former Goldman Sachs co-head of Asia Pacific macro trading, Stuart Riley, as he gears up for one of Europe's most high-profile 2015 hedge fund launches.

LONDON - BlueCrest, the $14 billion hedge fund firm led by billionaire Michael Platt, is to open its high-performing equity fund to outside investors, marking a new attempt by one of Europe's biggest hedge funds to expand into the asset class